September 2016 Archives

On behalf of The Flanigan Law Group, A Professional Corporation posted in Estate Planning on Wednesday, September 28, 2016.

A trust can be an effective estate planning tool for California residents. However, it is important to choose the trust that best fits an individual's needs. For those who want to keep control over assets, a revocable living trust may be best as settlors can name themselves as the trustee and change its terms at any time.

On behalf of The Flanigan Law Group, A Professional Corporation posted in Estate Planning on Monday, September 19, 2016.

California residents may want to take the time to write a will and create an estate plan so that their family members do not have to let state intestacy laws decide how their assets should be divided. The single biggest estate planning mistake that a person can make is not doing any estate planning. However, polls show that most Americans make this fundamental estate planning mistake.

On behalf of The Flanigan Law Group, A Professional Corporation posted in Inheritances on Thursday, September 15, 2016.

Receiving a major inheritance can feel like a gift. However, beneficiaries in California should understand that overseeing a large sum of money also involves a lot of responsibility. The mishandling of money may be a result of unexpected fees or bad decisions made due to high emotions. A large percent of people mismanage and lose much of their inheritances.

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